In a report released yesterday, Bryan Blair from Oppenheimer reiterated a Buy rating on Carlisle Companies (CSL – Research Report), with a price target of $360.00. The company’s shares closed yesterday at $302.70.
Blair covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, Carlisle Companies, and IDEX. According to TipRanks, Blair has an average return of 16.5% and a 60.27% success rate on recommended stocks.
Carlisle Companies has an analyst consensus of Strong Buy, with a price target consensus of $346.67, implying a 14.53% upside from current levels. In a report released on September 6, BMO Capital also maintained a Buy rating on the stock with a $355.00 price target.
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CSL market cap is currently $15.59B and has a P/E ratio of 21.27.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSL in relation to earlier this year. Last month, Christian Koch, the CEO & President of CSL sold 17,318.00 shares for a total of $5,455,242.72.
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Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment includes the manufacture of insulation materials, rubber, thermoplastic polyolefin, and polyvinyl chloride roofing membranes; related roofing accessories; and waterproofing products. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire, cable, connectors, contacts and cable assemblies for the transfer of power and data. The Carlisle Fluid Technologies segment deals with industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.
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